SBF is either a criminal genius, or so self-deluded he might be borderline psychotic.
A criminal genius, knowing what they're doing is a crime, would have an exit strategy.
The fact there wasn't an exit strategy tells me that SBF really believed in what he was doing. That he really was the genius everyone has been telling him he was. So the conclusion I'm drawing is this just self-delusion on a grand scale.
I mean, there's really no other explanation for him running his mouth against his lawyers advice, talking about how everyone doesn't understand this will all work out he was about to close another $8B etc. He really believes he's the smartest guy in the room. If only we regular folk could understand him. He's not living in reality.
Usually the worst guys like this do is con their friends/family out of a $100k to start some wild ass venture that "can't go wrong". This guy talked his way into how many billions? I suppose the difference is attributable to how well connected he was.
If so, what a damning indictment on the rich, well connected, cultural elite in and around SBFs world. The right has been pointing out for a while that the cultural elite seem disconnected from reality. We'll, here's some hard evidence that supposition may in fact be correct. Call it an "elite" bubble, where they're so disconnected from reality that whatever they seem to believe works out, so they must all be geniuses. The people setting cultural policy in this country are untethered from any sort of day-to-day reality.
I mean, SBFs mother wrote that piece about not assigning blame when things go wrong. [1] Parents with this kind of thinking raise deluded kids like SBF. And his well connectedness got him the $Bs needed to create this disaster.
If my hypothesis is correct, then this guy is heading towards a huge mental breakdown. He's never been challenged by reality, and frankly won't know what to do with himself once the prosecution gets running and the blows start landing fast and furious. It was only two days ago the judge told him to stop accessing Alameda funds, at which point SBF became "animated". [2] This rich kid is in for a collosal wake up call.
[1] https://www.businessinsider.com/sam-bankman-frieds-mom-wrote...
[2] https://twitter.com/molcranenewman/status/161036343874802073...
edit: edited to point out this is an indictment of the trusted people in and around SBFs world, not "wokes" or "elites" in general.